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Listing courtesy of PRIME_MLS / Elise Polli / Polli Properties

7-11 Fletcher

Burlington, VT 05401

– beds
– baths
2,982 sqft
3,485 sqft lot
$352 per sqft
1900 build
– on site

Location, location, location! Fantastic two-building, 5-unit investment property in close proximity to UVM, UVM Medical Center, and downtown Burlington! 7 Fletcher Place, the largest of the two buildings, houses 3 of the rental units. Off the front porch, access unit 1 on the first floor, comprised of 2 bedrooms, an updated ¾ bathroom, and open-concept living/dining/kitchen area. Upstairs, unit 2 is a 2 bed, 1 bath, offering a bright kitchen/dining room with granite countertops and stainless appliances, welcoming living space, and 2 bonus spaces. The 1 bed, 1 bath 3rd unit of this building has a private entrance at the rear and offers a convenient mudroom area, open-concept living/dining/kitchen. The basement of 7 Fletcher has 2 washers and dryers, currently free for all tenants, and storage space. On the same lot, 11 Fletcher Place sits next door and is comprised of 2 additional rental units, both beautifully renovated with separate utilities, including mini spits! The 1 bed, ¾ bath upper unit includes a bright living room and fantastic eat-in kitchen with stainless appliances. The lower studio unit features a bright kitchen with granite countertops and ¾ bathroom with marble countertops. Tenants pay all utilities- see utility information document for more details. Fully rented out, this low-maintenance property with a desirable 6.59% cap rate is a must-see for investors!

Listing courtesy of PRIME_MLS / Elise Polli / Polli Properties

Last checked: Checking… • Last updated Nov 20, 2024 •

MLS# 5021247 —

The Building

Year Built:

1900
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Wood Siding
Architectural Style:

Multi-Family
Roof:

Shingle
Foundation:

Brick, Stone
Total Stories:

2
Total Units:

5
Approx SqFt Total:

3710
Approx SqFt Total Finished:

2,982 Sqft
Approx SqFt Finished Above Grade:

2,478 Sqft
Approx SqFt Finished Below Grade:

504 Sqft
Approx SqFt Unfinished Above Grade Source:

Assessor
Approx SqFt Unfinished Below Grade:

728
Approx SqFt Finished Building Source:

Assessor
Approx SqFt Unfinished Building Source:

Assessor
Approx SqFt Finished Above Grade Source:

Assessor

Interior

Basement:

Yes
Basement Description:

Interior Access, Unfinished
Basement Access Type:

Walk-up
Flooring:

Hardwood, Tile, Vinyl
Room 5 Type:

Leased

Room Dimensions

Room 16 Dimensions:

Studio Apartment
Room 18 Dimensions:

2 Bedroom Apartment
Room 19 Dimensions:

2 Bedroom Apartment
Room 20 Dimensions:

1 Bedroom Apartment

Location

Directions:

From Main Street in Burlington, turn right onto East Avenue. At the light, turn left onto Colchester Avenue. Fletcher Place will be the first street on your right. 7-11 Fletcher is the second set of buildings on the left. Please park on street for showings.
Latitude:

44.481384000000006
Longitude:

-73.195588186508175

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot SqFt:

3,485 Sqft
Lot Acres:

0 Sqft
Zoning:

Res-Medium Intensity
Exterior Features:

Porch, Porch - Covered, Porch - Enclosed
Driveway:

Common/Shared, Gravel
Road Frontage:

Yes
Road Frontage Length:

62 Sqft
Lot Features:

City Lot, Curbing, Level, Sidewalks, Street Lights, In Town, Near Paths, Near Public Transportatn, Near Hospital, Near School(s)

Listing Agent

Contact info:

Taxes

Tax Year:

24/25
Tax Year:

2024
Taxes TBD:

No
Tax - Gross Amount:

$18,072.80

Beds

Bedrooms - Level 4:

6
Total 2 Bedroom Units:

2

Baths

Total Full Baths:

5
Full Baths Size:

0 Sqft
Three Quarter Baths:

2
Three Quarter Baths Size:

11 Sqft
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

352.11
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Natural Gas, Baseboard, Heat Pump
Total Heat Units:

3
Total Water Heaters:

3
Cooling:

Mini Split
Fuel Company:

Vermont Gas

Utilities

Utilities:

Cable - Available, Telephone Available
Separate Utilities:

Varies
Sewer:

Public
Electric:

Circuit Breaker(s)
Trash:

Municipal, Owner, Recycle, Tenant
Water Source:

Public
Total Gas Meters:

3
Total Electric Meters:

6

Appliances

Appliances:

Water Heater–Natural Gas, Water Heater – Owned, Water Heater – Separate, Water Heater – Shared, Water Heater – Tank
Total Refrigerators:

5

Schools

Elementary School:

Choice
Middle Or Jr High School:

Edmunds Middle School
High School:

Burlington High School
School District:

Burlington School District

The Community

Condo Name:

Monthly
Covenants:

No

Parking

Parking:

Driveway, Off Street, On Street, Parking Spaces 3, Unpaved

Extra Units

Unit 1 Rooms:

4
Unit 1 Bedrooms:

2
Unit 1 Approx SqFt:

640 Sqft
Unit 2 Bedrooms:

2
Unit 2 Approx SqFt:

813
Unit 3 Style:

1 Bedroom Apartment
Unit 3 Rooms:

3
Unit 3 Bedrooms:

1
Unit 3 Baths:

1
Unit 3 Approx SqFt:

331 Sqft
Unit 4 Baths:

1
Unit 5 Rooms:

4
Unit 5 Bedrooms:

1
Unit 5 Baths:

1
Unit 5 Approx SqFt:

460 Sqft
Unit 1 Info:

Appliances Included, Dishwasher, Heat - Natural Gas, Range - Electric, Refrigerator
Unit 2 Info:

Appliances Included, Dishwasher, Heat - Natural Gas, Range - Electric, Refrigerator
Unit 3 Info:

Appliances Included, Heat - Natural Gas, Mudroom, Range - Gas, Refrigerator
Unit 4 Info:

Appliances Included, Dishwasher, Other, Range - Electric, Refrigerator, Water Heater
Unit 5 Info:

Appliances Included, Dishwasher, Other, Range - Electric, Refrigerator, Water Heater

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

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Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/6/24 Nov 6, 2024	Listed / Active	PRIME_MLS	$1,050,000

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This multifamily located in UVM - FAHC, Burlington, VT 05401 is currently for sale for $1,050,000. 7-11 Fletcher is a 2,982 square foot multifamily with – beds and – baths that has been on Estately for 15 days. 7-11 Fletcher is in the UVM - FAHC neighborhood of Burlington and has a WalkScore® of 60, making it somewhat walkable. This multifamily is in the attendance area of Edmunds Middle School, Burlington High School, and Edmunds Elementary School.

Listing Courtesy of: PRIME_MLS and Polli Properties.

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.